Consumer credit data tops calendar
Bryan McCormick | firstname.lastname@example.org
There is just one report set on today's economic calendar, and that is consumer credit. Unless there is a big positive or negative shift in the number, it isn't likely to produce much market reaction.
The report, out at 3 p.m. ET, has consensus forecast at $7.6 billion of new debt. The range of estimates is from $3.5 billion to $11.6 billion. Traders may be more bullish if they see consumers willing to leverage up by adding more debt.
Traders hedging consumer plays
November 28, 2014
The SPDR Consumer Discretionary fund has led the market since mid-November, and now an investor is limiting further gains to hedge against a pullback.